Czech Republic: University of Economics

The University of Economics in Prague (VSE) is one of the top universities for management and economics studies in the Czech Republic. With a student population of over 19,000 graduate and undergraduate students and roots dating back to 1919, the University of Economics has gained prominence in Central Europe for its research and extensive network of international partners.

Prague is widely considered to be one of Europe’s most beautiful cities. You’ll enjoy the city for its scenery, activities, affordability and accessibility to other points of interest in Europe. Prague has a population of over 1.3 million and is a major cultural and economic center in the region. There are many historical and cultural sites to visit as well as galleries, museums, and shopping.

Check out a day in the life of an exchange student at VSE
Visit the VSE Incoming Exchange Students website for more information
View program evaluations from past participants

Eligibility

GPA Requirement: 3.00
Language Prerequisite: None
Class during program (min): Junior
Language of Instruction: English

Application Dates

Fall 2020:
Applications open: Nov. 1, 2019
Application deadline: Feb. 20, 2020
Notifications begin: Mar. 8, 2020

Spring 2021 Round 1:
Round 1 applications open: Mar. 1, 2020
Round 1 application deadline: Apr. 9, 2020
Round 1 notifications begin: Jun. 2020

Spring 2021 Round 2:
Round 2 applications open: Mar. 1, 2020
Round 2 application deadline: Sep. 2020
Round 2 notifications begin: Sep. 2020

FAQs

Program Terms and Dates

Application Requirements

Program Options

Accessibility

Academics

Please visit Global Academic Procedures for detailed credit and other academic information.

At VSE, you will take a variety of business elective courses for credit toward your undergraduate business major or minor. VSE does not offer courses equivalent to Kenan-Flagler’s undergraduate core courses. VSE offers courses in business administration and economics. To receive business elective credit, students must take business administration (not economics) courses.

Courses taken at the University of Economics will transfer back to UNC Pass (VSE grade of 3 and above)/Fail (VSE grade below 3). Pass grades do not affect your UNC GPA. Fail grades transfer back to UNC as Fs, which will affect your UNC GPA. Though transfer credit for this program is Pass/Fail, future employers and graduate schools will also look at the VSE transcript, so grades are important.

You will transfer back .6 UNC credits for every 1 ECTS credit (meaning that a 5-credit ECTS course transfers back as 3 UNC credits). You are expected to take at least 20 ECTS credits (worth 12 UNC credits) total during the semester. If you earn a 3 or above in all courses, you will receive a total of 12-18 UNC credits for your semester abroad, depending on how many ECTS credits you take (between 20-30 ECTS).

This program also fulfills the Experiential Education requirement. Full-time enrollment in this program is defined as a minimum of 12 credit hours.

Housing

Cost & Financial Aid

The Undergraduate Business Program offers merit-based scholarships to support our students who wish to study abroad. Please visit the Scholarships and Financial Aid page to learn more.

Here, you will find a list and links to costs related to this program.

We suggest you create your study abroad budget using our budget worksheet (xlsx) to help you think about your costs on this program:

Populate the figures from the tables below into the left side costs of attendance
Input your financial resources on the right

Your customized budget sheet can help determine your current financial status, and help you understand what additional funding you may need to help make this an affordable program option.

Cashier Billed Expenses*
Expense	Estimated Amount
UNC Tuition and Fees	Use the amount on the Tuition and Fees line and divide by 2 to get your cost
Fee UG Business Major/Minor	Based on major/minor enrollment
Study Abroad Fee	$700
GeoBlue International Medical Insurance	$150

*Cashier Billed Expenses are those charges billed directly to your UNC ConnectCarolina account.

Out of Pocket Estimates**
Expense	Estimated Amount
International Airfare	$1,100
Housing	$1,000
Meals	$2,500
Immigration Visa/Residence Permit	$150
Passport Application Renewal	$145
Course Materials	$100
International Cell Phone Plan	$350
Personal Expenses
Travel Insurance	$400
Local Transportation	$50
Personal Travel	$1,500
Incidentals (ex. Laundry)	$900

Other Personal Expenses***

Total Estimated Expenses (In-State):	$15,400
Total Estimated Expenses (Out-of-State):	$28,414

Withdrawal Policy: Once a student accepts their offer to study abroad, the spot will be considered filled and will not be offered to another student. Students who withdraw after accepting an offer must email UBP Global Programs at ubpglobal@kenan-flagler.unc.edu stating in full the reasons for the late withdrawal. Students who withdraw from UBP Global administered programs are responsible for non-recoverable costs. Your cashiers account will be assessed an additional charge to cover any/all amounts that Kenan-Flagler UBP Global programs has committed or paid on your behalf and are non-recoverable at the time of withdrawal, such costs may include, housing, meals, transportation and faculty or staff compensation.

**Out of Pocket Estimates are based on the cost of the program, which is determined by combining the average costs our previous students have spent in each of these categories, along with the costs our partner provides to us as their averages. These estimates are subject to change based on exchange rate fluctuations, bank fees, and individual variances in costs of living.

***Other Expenses: our budget worksheet (xlsx) also has a place for you to input other expenses outside of the out-of-pocket estimates that you may incur, such as attending concerts or sporting events.

Funding your study abroad program